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Inflation Increases By 15.40% In November 2021
The consumer price index, which measures inflation, increased by 15.40 percent in November 2021. This is 0.51 percent points higher than the rate recorded in November 2020 (14.89) percent. On a month-on-month basis, the index increased by 1.08 percent in November 2021, this is 0.10 percent higher than the rate recorded in October 2021 (0.98)…
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Meal For Learning (2): Market Prices Stiffen Cooking Process, Alternative For Students
For Twentyten Daily, Abdulsemiu Monsuroh highlighted how Nigerian students are finding it difficult to adjust to the increasing food prices despite having income from their sponsors (parents/guardians). For Kabirat Arowona, a part two undergraduate of Pasture and Range Management at the Federal University of Agriculture Abeokuta(FUNAAB), cooking with Liquefied Petroleum Gas (cooking gas) has become…
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Meal For Learning (1): Nigerian Students Struggle With Increasing Food Prices
Despite the declining inflation rate in Nigeria, the persistent increase in food prices is affecting students in different tertiary institutions across Nigeria. Faith Omoniyi, for Twentyten Daily, spoke with several students who narrated their experiences studying in Nigeria’s unfavorable economic situation. Victor Awotubo, a student of english and literary studies in the Federal University, Oye-Ekiti,…
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Inflation Rate Drops For Fifth Consecutive Month
The National Bureau of Statistics revealed that the Consumer Price Index which measures inflation rate fell to 17.01 percent in August. According to the latest CPI report, this rate is 0.37 percent points lower than the 17.38 percent recorded in July this year. This, according to the report, is the fifth consecutive month that the…
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Nigeria’s Inflation Drops To 17.38% In July
The Consumer Price Index which measures inflation has dropped by 17.38 percent in July 2021. This is 0.37 percent lower than the rate recorded in June 2021 (17.75%). The National Bureau of Statistics disclosed this in its Consumer Price Index report for June. Increases were recorded in all Classification of Individual Consumption According to Purpose…
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Nigeria’s Inflation Rate Drops To 17.75%
Nigeria’s inflation rate has fallen by a slight 0.18 percent from 17.93 percent in May to 17.75 percent in June. This is according to the latest data by the National Bureau of Statistics in its Consumer Price Index report for June. Part of the report read, “The consumer price index which measures inflation (rate of…
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How Inflation And Unemployment Is Fuelling Crime Rates In Nigeria
“We are all tired of the country. Nothing is working… most of our marketers cannot bring foodstuff because they are afraid of attacks. We now divide the yams into four to five pieces and sell one piece for N200 so people can buy. Let the government help us please” This is the plight of Adamu…